Collectibles: the classic-car boom

Chris Carter takes a look at what's driving the growth market in classic cars, why Brexit is bad for the art market and how to make a mint from Star Wars.

822-Ferrari-1200

The 1962 Ferrai 250 GTO: a pricey set of wheels
(Image credit: simonclay.com)

"After the US election, people are going to be looking at investing in assets and this is a lot better than a painting on the wall," John Collins, who runs Ascot-based Ferrari specialist Talacrest, tells The Daily Telegraph. He is selling "the holy Grail of classic cars": a 1962 Ferrari 250 GTO the second of only 36 to roll off the production line.

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Chris Carter
Wealth Editor, MoneyWeek

Chris Carter spent three glorious years reading English literature on the beautiful Welsh coast at Aberystwyth University. Graduating in 2005, he left for the University of York to specialise in Renaissance literature for his MA, before returning to his native Twickenham, in southwest London. He joined a Richmond-based recruitment company, where he worked with several clients, including the Queen’s bank, Coutts, as well as the super luxury, Dorchester-owned Coworth Park country house hotel, near Ascot in Berkshire.

Then, in 2011, Chris joined MoneyWeek. Initially working as part of the website production team, Chris soon rose to the lofty heights of wealth editor, overseeing MoneyWeek’s Spending It lifestyle section. Chris travels the globe in pursuit of his work, soaking up the local culture and sampling the very finest in cuisine, hotels and resorts for the magazine’s discerning readership. He also enjoys writing his fortnightly page on collectables, delving into the fascinating world of auctions and art, classic cars, coins, watches, wine and whisky investing.

You can follow Chris on Instagram.